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Technical Analysis 19/01/10 of FXCBS

Discussion in 'Technical Analysis' started by fxcbsar, Jan 19, 2010.

  1. fxcbsar

    fxcbsar New Member

    Dec 4, 2009
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    This is Technical analysis daily and provided by specialists and analysts from FXCBS

    Tuesday Jan 19, 2010

    Previous session overview

    The green currency declined against the royal pound and the Japanese yen in today's Asian session, the euro dollar pair is consolidating between 1.44139 levels and 1.43783 levels, recording a high of 1.44139 and a low of 1.43788.

    As for the pound dollar pair, it continued to rally recording a high of 1.64373 and a low of 1.63260, having the pair trading around 1.64197.

    Finally, the dollar fell against the Japanese yen the pair recorded a low of 90.349 and a high of 90.775.

    Market Expectations

    EUR/USD :

    We expect a bullish intraday direction that initially targets 1.45650 and mainly requires 1.43200 to remain intact with four-hour closing. The general trend is upside to the 1.45650.


    GBP/USD :
    We expect a bullish direction for the remainder of trades today. It is vital that the four-hour closing holds above 1.6335 for the expected bullish move to prevail. The general trend for today is upside to 1.64780.


    USD/JPY :
    We expect a bearish intraday direction targeting mainly 89.750 and require 92.250 to remain intact. The general trend today is to the downside to 89.750.


    Senior Analyst / Ali Hasan /FXCBS

    Forex ECN Broker|Currency Online Trading| Low Spread| Free Trading Software

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